GKN Automotive signs Virtual Power Purchase Agreement with Recurrent Energy covering 65% of its European electricity load
Type: Ppa · Technology: Solar, Other · Country: Spain · Announced: 2024-07-10
GKN Automotive and Recurrent Energy signed a 10-year virtual power purchase agreement (VPPA) to source approximately 2 million MWh of renewable electricity (about 200,000 MWh annually) from the new Rey I large-scale solar project in Spain, covering 65% of GKN Automotive's European electricity load.
Counterparties
- Recurrent Energy (a subsidiary of Canadian Solar Inc.) (Developer)
- Schneider Electric (Partner)
- GKN Automotive (Offtaker)
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